Stability and Growth Pact

URI: https://gptkb.org/entity/Stability_and_Growth_Pact
GPTKB entity
Statements (34)
Predicate Object
gptkbp:instanceOf European Union law
gptkbp:abbreviation SGP
gptkbp:adoptedBy gptkb:European_Union
1997
gptkbp:appliesTo EU member states
eurozone countries
gptkbp:component corrective arm
preventive arm
gptkbp:correctiveArmKnownAs gptkb:Excessive_Deficit_Procedure
gptkbp:criticizedFor rigidity
lack of enforcement
procyclicality
gptkbp:debtLimit 60% of GDP
gptkbp:deficitLimit 3% of GDP
gptkbp:enforcedBy gptkb:Council_of_the_European_Union
gptkb:European_Parliament
https://www.w3.org/2000/01/rdf-schema#label Stability and Growth Pact
gptkbp:legalBasis Treaty on the Functioning of the European Union
gptkbp:proposedBy gptkb:France
gptkb:Germany
gptkbp:purpose ensure fiscal discipline in the European Union
gptkbp:reasonForSuspension gptkb:COVID-19_pandemic
2020
gptkbp:relatedTo gptkb:Maastricht_criteria
gptkb:Eurozone_crisis
gptkb:European_Fiscal_Compact
gptkbp:setsLimit government debt
government deficit
gptkbp:updated 2005
2011
2013
gptkbp:bfsParent gptkb:Directorate-General_for_Economic_and_Financial_Affairs
gptkb:Economic_and_Monetary_Union_of_the_European_Union
gptkbp:bfsLayer 6